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India's highest paid CEOs

Last updated on: March 14, 2013 11:24 IST

India's highest paid CEOs

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BS Research Bureau

Naveen Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), has topped the executive pay charts in India.

Naveen Jindal (Rank 1)
Salary FY 2010-11: Rs 67.21 crore (Rs 672.1 million)

Salary FY 2011-12: Rs 73.42 crore (Rs 734.2 million)

Note: The figures of CEO salary includes salary, commissions, incentives and other benefits as recorded by CapitaLine.

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Image: Naveen Jindal with Bill Gates.

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Kalanithi Maran (Rank 2)
Executive Chairman, Sun TV Network

Salary FY2010-11: Rs 64.40 crore (Rs 644 million)
Salary FY2011-12: Rs 57.01 crore (Rs 570 million)

Kavery Kalanithi (Rank 2)
Executive Director, Sun TV Network

Salary FY2010-11: Rs 64.40 crore (Rs 644 million)
Salary FY2011-12: Rs 57.01 crore (Rs 570 million)

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Image: Kalanithi Maran and Kavery Kalanithi.

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Kumar Mangalam Birla  (Rank 3)

Chairman, UltraTech Cement, Hindalco,
Grasim Industries, Aditya Birla Nuvo

Salary FY2010-11: Rs 47.12 crore (Rs 471.2 million)
Salary FY2011-12: Rs 47.11 crore (Rs 471.1 million)

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Image: Kumar Mangalam Birla.
Photographs: Reuters.
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Pawan Kant Munjal (Rank 4)
MD & CEO, Hero MotoCorp

Salary FY2010-11: Rs 26.47 crore (Rs 264.7 million)
Salary FY2011-12: Rs 34.47 crore (Rs 344.7 million)

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Image: Pawan Kant Munjal.

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Brijmohan Lall Munjal (Rank 5)
Chairman, Hero MotoCorp

Salary FY2010-11: Rs 26.75 crore (Rs 267. 5 million)
Salary FY2011-12: Rs 34.44 crore (Rs 344.4 million)

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Image: Brijmohan Lall Munjal.
Photographs: Reuters.
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P R Ramasubrahmenya Rajha (Rank 6)
CMD, Madras Cement

Salary FY2010-11: Rs 15.63 crore (Rs 156.3 million)
Salary FY2011-12: Rs 29.34 crore (Rs 293.4 million)

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Image: P R Ramasubrahmenya Rajha (Inset).

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B G Raghupathy (Rank 7)
CMD, BGR Energy

Salary FY2010-11: Rs 25.92 crore (Rs 259.2 million)
Salary FY2011-12: Rs 25.98 crore (Rs 259.8 million)

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Image: B G Raghupathy (Inset).

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Sajjan Jindal (Rank 8)
CMD, JSW Steel, JSW Energy

Salary FY2010-11: Rs 26.83 crore (Rs 268.3 million)
Salary FY2011-12: Rs 25.33 crore (Rs 253.3 million)

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Image: Sajjan Jindal (inset).

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Murali K Divi (Rank 9)
CMD, Divi's Laboratories

Salary FY2010-11: Rs 16.29 crore (Rs 162.9 million)
Salary FY2011-12: Rs 23.15 crore (Rs 231.5 million)

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Image: Murali K Divi (Inset).

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Sunil Bharti Mittal (Rank 10)
Executive Chairman, Bharti Airtel

Salary FY2010-11: Rs 27.51 crore (Rs 275.1 million)
Salary FY2011-12: Rs 21.29 crore (Rs 212.9 million)

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Image: Sunil Bharti Mittal.
Photographs: Reuters.
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Sunil Kant Munjal (Rank 11)

Joint Managing Director, Hero MotoCorp

Salary FY2011-12: Rs 21.14 crore (Rs 211.4 million)

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Image: Sunil Kant Munjal.

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D Bhattacharya (Rank 12)
Managing Director, Hindalco

Salary FY2010-11: Rs 17.31 crore (Rs 173.1 million)
Salary FY2011-12: Rs 19.50 crore (Rs 195 million)

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Image: D Bhattacharya.

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Jayadev Galla (Rank 13)
Managing Director, Amara Raja Batteries

Salary FY2010-11: Rs 15.10 crore (Rs 151 million)
Salary FY2011-12: Rs 17.36 crore (Rs 173.6 million)

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Image: Jayadev Galla (Inset).

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Prathap C Reddy (Rank 14)
Executive Chairman, Apollo Hospitals Enterprise

Salary FY2010-11: Rs 13.71 crore (Rs 137.1 million)
Salary FY2011-12: Rs 17.16 crore (Rs 171.6 million)

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Image: Prathap C Reddy.

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Sameer Gehlaut (Rank 15)
Wholetime Director, Indiabulls Financial Services

Salary FY2010-11: Rs 11.36 crore (Rs 113.6 million)
Salary FY2011-12: Rs 16.58 crore (Rs 165.8 million)

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Image: Sameer Gehlaut.

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Jignesh Shah (Rank 16)
CMD, Financial Technologies

Salary FY2010-11: Rs 9.66 crore (Rs 96.6 million)
Salary FY2011-12: Rs 15.51 crore (Rs 155.1 million)

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Image: Jignesh Shah.

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D B Gupta (Rank 17)
Chairman, Lupin

Salary FY2010-11: Rs 11.37 crore (Rs 113.7 million)
Salary FY2011-12: Rs 15 crore (Rs 150 million)

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Image: D B Gupta.

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Mukesh Ambani (Rank 18)
CMD, Reliance Industries

Salary FY2010-11: Rs 15 crore (Rs 150 million)
Salary FY2011-12: Rs 15 crore (Rs 150 million)

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Image: Mukesh Ambani.
Photographs: Reuters.
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N Srinivasan (Rank 19)
VC & MD, India Cements

Salary FY2010-11: Rs 8.99 crore (Rs 89.9 million)
Salary FY2011-12: Rs 14.86 crore (Rs 148.6 million)

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Image: N Srinivasan.

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Onkar S Kanwar
CMD, Apollo Tyres

Salary FY2010-11: Rs 14.07 crore (Rs 140.7 million)
Salary FY2011-12: Rs 13.96 crore (Rs 139.6 million)

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Image: Onkar S Kanwar.

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H M Bangur (Rank 21)
Managing Director, Shree Cement

Salary FY2010-11: Rs 4.36 crore (Rs 43.6 million)
Salary FY2011-12: Rs 13.66 crore (Rs 136.6 million)

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M A M R Muthiah (Rank 22)
Managing Director, Chettinad Cement

Salary FY2011-12: Rs 13.22 crore (Rs 132.2 million)

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Image: M A M R Muthiah (Inset).

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D K Jain (Rank 23)
Chairman, Gujarat Fluorochemicals

Salary FY2010-11: Rs 3.58 crore (Rs 35.8 million)
Salary FY2011-12: Rs 12.77 crore (Rs 127.7 million)

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Ashok Chaturvedi (Rank 24)
CMD, Uflex

Salary FY2010-11: Rs 8.65 crore (Rs 86.5 million)
Salary FY2011-12: Rs 12.64 crore (Rs 126.4 million)

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Image: Ashok Chaturvedi.

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Markand Bhatt (Rank 25)
Wholetime Director, Torrent Power

Salary FY2010-11: Rs 10.02 crore (Rs 100.2 million)
Salary FY2011-12: Rs 12.54 crore (Rs 125.4 million)

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Image: Markand Bhatt.

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Samir Mehta (Rank 26)
Executive Vice-chairman, Torrent Power, Torrent Pharma

Salary FY2010-11: Rs 10.13 crore (Rs 101.3 million)
Salary FY2011-12: Rs 12.53 crore (Rs 125.3 million)

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Sudhir Mehta (Rank 27)
Chairman, Torrent Power, Torrent Pharma

Salary FY2010-11: Rs 10 crore (Rs 100 million)
Salary FY2011-12: Rs 12.51 crore (Rs 125.1 million)

Navin Agrawal (Rank 27)
Executive Vice-chairman, Sterilite Industries

Salary FY2010-11: Rs 9.57 crore (Rs 95.7 million)
Salary FY2011-12: Rs 12.51 crore (Rs 125.1 million)

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Rahul Khosla (Rank 28)
Managing Director, Max India

Salary FY2011-12:  Rs 12.41 crore (Rs 124.1 million)

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Image: Rahul Khosla.

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Abhijit Rajan (Rank 29)
CMD, Gammon India

Salary FY2010-11: Rs 4.28 crore (Rs 42.8 million)
Salary FY2011-12: Rs 12.22 crore (Rs 122.2 million)

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Pankaj R Patel
CMD, Cadilla Healthcare

FY2010-11: Rs 25 crore (Rs 250 million)
FY2011-12: Rs 12.03 crore (Rs 120.3 million)



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